2019 New York Laws
ISC - Insurance
Article 3 - Administrative and Procedural Provisions
308 - Special Reports.

§  308.  Special reports.  (a) (1) The superintendent may also address
to any health maintenance organization, life settlement  provider,  life
settlement  intermediary  or  its officers, or any authorized insurer or
rate service organization, or officers thereof, any inquiry in  relation
to  its  transactions  or  condition  or any matter connected therewith.
Every corporation or person so addressed shall reply in writing to  such
inquiry promptly and truthfully, and such reply shall be, if required by
the superintendent, subscribed by such individual, or by such officer or
officers  of  a  corporation, as the superintendent shall designate, and
affirmed by them as true under the penalties of perjury.
  (2) In the event any corporation or person does  not  provide  a  good
faith  response  to  an inquiry from the superintendent pursuant to this
section relating to accident insurance, health insurance,  accident  and
health  insurance  or  health  maintenance organization coverage or with
respect to life settlements, within  a  time  period  specified  by  the
superintendent   of   not   less   than   fifteen   business  days,  the
superintendent is authorized to levy a civil penalty, after  notice  and
hearing,  against  such corporation or person not to exceed five hundred
dollars  per  day  for  each  day  beyond  the  date  specified  by  the
superintendent  for  response, but in no event shall such penalty exceed
seven thousand five hundred dollars.
  (b) In addition to the other reports required  by  this  article,  the
superintendent  may  also  require  the  filing  of  quarterly  or other
statements, which shall be in such form and shall contain  such  matters
as the superintendent shall prescribe.
  (c)  The  superintendent shall ensure that any contracts entered into,
modified, extended or in any way made or continued with an  organization
or  administrator  to receive, distribute and otherwise administer funds
for the pools specified in  section  eighteen  of  chapter  two  hundred
twenty-six of the laws of nineteen hundred eighty-six and sections three
thousand   two   hundred   thirty-three,  four  thousand  three  hundred
twenty-one-a and  four  thousand  three  hundred  twenty-seven  of  this
chapter, shall require such organization or pool administrator to submit
the  reports  required pursuant to section two hundred six of the public
health law at the time and in the format and manner  specified  in  such
section.